IEMI Announces Two Pending Acquisitions

    HOLLYWOOD, Fla.--Dec. 11, 2001--IEMI (OTCBB:IEME.OB) announces two acquisitions. Harold Solomon, president of IEMI, stated that IEMI is in the process of moving forward with its business plan and announces the Company's first two pending acquisitions.
    IEMI is in the process of drafting a purchase and sale agreement with Hollywood Metals. This acquisition will increase our market share in Broward County. Hollywood Metals has been operating in the same location for over the past 10 years. Hollywood Metals revenue last year was $1,200,000. This acquisition will double IEMI's current revenue.
    IEMI is prepared to move forward with our next acquisition immediately after closing on the Hollywood Metals purchase. We have a signed letter of intent to acquire Martini Metals in Delray Beach, which is in Palm Beach County. Martini Metals has been operating in the same location for over 15 years. This acquisition will give IEMI a presence in the Palm Beach County market place. The acquisition of Martini Metals will allow IEMI to become a direct shipper. Martini Metals revenue for last year was $1,500,000. These two acquisitions will more than triple IEMI's revenue.

    This document contains certain forward-looking statements regarding IEMI, including statements about its operations, prospects and expectations about future financial results, including, but not limited to future revenues and earnings. The words "estimate," "anticipate," "possible," "seeking" and similar expressions identify forward-looking statements which speak only as to the date the statements are made. These forward-looking statements involve risks and uncertainties which could cause actual results to differ materially and are subject to change at any time. IEMI's results could differ materially from expected results. IEMI undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2000, filed with the Securities and Exchange Commission as well as subsequent reports filed on Forms 8-K and 10-QSB.